Rockwell Automation, Inc. (NYSE:ROK) Stake Lowered by Chilton Capital Management LLC

Chilton Capital Management LLC cut its stake in Rockwell Automation, Inc. (NYSE:ROK - Free Report) by 90.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102 shares of the industrial products company's stock after selling 916 shares during the quarter. Chilton Capital Management LLC's holdings in Rockwell Automation were worth $26,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ROK. Norges Bank purchased a new stake in shares of Rockwell Automation during the fourth quarter worth about $284,177,000. GAMMA Investing LLC increased its position in shares of Rockwell Automation by 29,844.4% during the first quarter. GAMMA Investing LLC now owns 702,794 shares of the industrial products company's stock worth $181,588,000 after acquiring an additional 700,447 shares during the last quarter. Wellington Management Group LLP grew its stake in Rockwell Automation by 85,513.1% in the fourth quarter. Wellington Management Group LLP now owns 675,487 shares of the industrial products company's stock worth $193,047,000 after purchasing an additional 674,698 shares in the last quarter. Alliancebernstein L.P. grew its stake in Rockwell Automation by 102.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,287,731 shares of the industrial products company's stock worth $368,021,000 after purchasing an additional 651,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Rockwell Automation by 6.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,115,280 shares of the industrial products company's stock worth $2,033,476,000 after purchasing an additional 432,934 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Rockwell Automation news, SVP Tessa M. Myers sold 363 shares of Rockwell Automation stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $326.32, for a total transaction of $118,454.16. Following the transaction, the senior vice president directly owned 4,063 shares in the company, valued at approximately $1,325,838.16. The trade was a 8.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Terry L. Riesterer sold 2,500 shares of Rockwell Automation stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $304.13, for a total transaction of $760,325.00. Following the transaction, the vice president owned 1,033 shares in the company, valued at approximately $314,166.29. The trade was a 70.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,388 shares of company stock worth $2,307,487. 0.68% of the stock is owned by corporate insiders.

Rockwell Automation Price Performance

Shares of NYSE ROK traded down $1.81 during trading on Friday, hitting $343.14. The company had a trading volume of 516,535 shares, compared to its average volume of 865,936. The company has a market cap of $38.68 billion, a P/E ratio of 43.22, a PEG ratio of 3.88 and a beta of 1.38. Rockwell Automation, Inc. has a 52 week low of $215.00 and a 52 week high of $348.43. The business's 50-day moving average is $315.46 and its 200 day moving average is $284.81. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.72 and a current ratio of 1.05.

Rockwell Automation (NYSE:ROK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The industrial products company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.36. The company had revenue of $2 billion for the quarter, compared to analysts' expectations of $1.97 billion. Rockwell Automation had a return on equity of 30.16% and a net margin of 11.38%. The firm's revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.50 earnings per share. Equities research analysts predict that Rockwell Automation, Inc. will post 9.35 earnings per share for the current fiscal year.

Rockwell Automation Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th will be given a dividend of $1.31 per share. This represents a $5.24 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Monday, August 18th. Rockwell Automation's payout ratio is 65.99%.

Analyst Ratings Changes

ROK has been the subject of a number of research reports. Oppenheimer lifted their price target on Rockwell Automation from $258.00 to $304.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. Barclays lifted their price target on Rockwell Automation from $350.00 to $370.00 and gave the stock an "overweight" rating in a research note on Wednesday. KeyCorp reiterated an "overweight" rating and issued a $360.00 price target (up from $345.00) on shares of Rockwell Automation in a research note on Friday, June 13th. CICC Research initiated coverage on Rockwell Automation in a research note on Monday. They issued an "outperform" rating and a $381.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on Rockwell Automation from $315.00 to $365.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Rockwell Automation has an average rating of "Moderate Buy" and an average price target of $332.00.

Rockwell Automation Profile

Rockwell Automation, Inc provides industrial automation and digital transformation solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments, Intelligent Devices, Software & Control, and Lifecycle Services. Its solutions include hardware and software products and services.